nyan_sandwich comments on Pinpointing Utility - Less Wrong

57 [deleted] 01 February 2013 03:58AM

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Comment author: [deleted] 25 January 2013 08:56:47PM 1 point [-]

You don't need that scale under certainty, but you need it to encode probabilistic preferences under uncertainty.

Well put, but there is a way that scale-utilities partially show up in economics when you try to factor outcomes, even without uncertainty. It does all cash out to just a preference ordering on the monolithic outcome level, though.